UK stock investing: 2 of the best cheap shares to buy for an ISA right now

first_img Our 6 ‘Best Buys Now’ Shares I think UK vanadium-producing share Bushveld Minerals (LSE: BMN) is an attractive way to try and make money over the next decade. The global construction market is predicted to boom through to 2030. This bodes extremely well for Bushveld whose product is used to strengthen steel.Analysts at research house GCP Global reckon the global construction market will outpace broader GDP expansion through to the end of the decade. They think it will grow a shade under 4% a year through to 2030 and be worth a staggering $15.5trn by then.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…But the likelihood of soaring construction activity isn’t the only reason I believe this UK share is a compelling growth pick. Demand for Vanadium Redox Flow Batteries (VRFBs) is soaring along with the use of renewable energy sources. These power storage units are critical to reduce the amount of electricity being dumped from wind and solar farms.Failure to stop the dumping of energy due to transmission constraints is an expensive business. According to Drax Electric Insights, curtailment from British wind farms doubled in 2020. And this cost a whopping quarter of a billion pounds, it said. No wonder demand for VRFBs is tipped by many to soar over the next decade.Powering up my Stocks and Shares ISADespite all this, it might not be all plain sailing for Bushveld Minerals in the years ahead. Oversupply in the vanadium market could deliver a hammerblow to what the UK mining share can get for its product. It might also face operational problems like rising labour costs and disappointing ore grades which are ever-present problems in its industry.Today, Bushveld Minerals trades on a forward price-to-earnings (P/E) ratio of 9 times. This is just inside the widely-regarded bargain territory of 10 times or below. Its cheap valuation is why I’m seriously thinking of adding the company to my Stocks and Shares ISA.Another cheap UK share on my radarI’d happily stuff my ISA with games developer Sumo Group (LSE: SUMO) shares as well. This is because I think the video games industry will continue to grow and grow. Take the US market, for instance. The experts at Statista reckon gaming penetration in the States will rise almost 5% between 2019 and 2025, to 49.2%.City analysts also think earnings at Sumo Group will rocket 35% in 2021. This leaves the UK share trading on a forward price-to-earnings growth (PEG) multiple of 1.2. Sure, this doesn’t look like outstanding value on paper. But this still represents better value than other games developers such as Team17 and Frontier Developments currently offer. Remember though, City projections can miss their targets if business conditions change.One final thought. Software development is fraught with pitfalls, as CD Projekt’s recently-launched Cyberpunk 2077 title has shown. These can hit customer sales hard and can push near-term profits forecasts wildly off course. And, over the long term, it can cause serious damage to a developer’s reputation with other publishers and developers. Image source: Getty Images Royston Wild | Friday, 19th February, 2021 | More on: BMN SUMO See all posts by Royston Wild Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Simply click below to discover how you can take advantage of this. “This Stock Could Be Like Buying Amazon in 1997”center_img Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! UK stock investing: 2 of the best cheap shares to buy for an ISA right now I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Enter Your Email Address I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Royston Wild has no position in any of the shares mentioned. The Motley Fool UK has recommended Frontier Developments. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors.last_img read more

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